The article “Taxation on inheritance: the importance of succession planning”, by lawyer Tiago Aparecido, is featured on the Rota Jurídica portal.
Due by the heir, the Causa Mortis and Donation Transfer Tax (ITCMD) is calculated on assets and rights representing the equity or capital of a company, such as a share, quota, share, civil or commercial participation, national or foreign, as well as corporate rights, debentures, dividends and credit of any nature.
In the state of São Paulo there is a law pending sanction, which could reduce the ITCMD to 1% in cases of transfer on death, which is still a considerable amount, further demonstrating the importance of succession planning.
The article produced by Tiago Aparecido, a tax lawyer, explains the importance of planning and how to mitigate the impacts of the tax. Want to know more? Click here.
